GE Power India climbs on getting letter of intent from NTPC GE Power Services
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GE Power India is currently trading at Rs. 408.50, up by 15.40 points or 3.92% from its previous closing of Rs. 393.10 on the BSE.
The scrip opened at Rs. 430.00 and has touched a high and low of Rs. 430.00 and Rs. 405.60 respectively. So far 48910 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 430.00 on 21-Jun-2024 and a 52 week low of Rs. 153.00 on 04-Jul-2023.
Last one week high and low of the scrip stood at Rs. 430.00 and Rs. 385.85 respectively. The current market cap of the company is Rs. 2766.41 crore.
The promoters holding in the company stood at 68.58%, while Institutions and Non-Institutions held 4.15% and 27.27% respectively.
GE Power India has received a letter of intent from NTPC GE Power Services for renovation and modernization of LMZ Steam Turbines of Wanakbori TPS Unit No. 1 (210 MW) & Unit No. 2 (210 MW) for Heat Rate (Efficiency) improvement & life extension. Broad consideration or size of the order is Rs 243.46 crore (Plus GST 18%). The order is to be completed in 33 months.
GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.
